Arizona
Trammell Crow Names Cathy Thuringer to Lead Phoenix Unit
Trammell Crow Company (TCC) promoted Cathy Thuringer to Business Unit Leader for the firm’s Phoenix Business Unit. Previously serving as… Read more
Amherst Residential Pays $404M for SFR Portfolio
Amherst Residential LLC of Austin closed on the purchase of 2,400 single-family rental properties, over several transactions valued at $404.1… Read more
MF Asset in Arizona’s Economic Super Core Sells for $60M
Marcus & Millichap’s Institutional Property Advisors’ (IPA) division handled the $59.6-million sale of Alante at the Islands, a 320-unit multifamily… Read more
Multifamily in Flux? Q&A with Colliers International’s Will Mathews
This past year continued positive for the multifamily sector, though issues such as affordable housing and increases in construction costs… Read more
Where is Search for Yield Taking Investors in 2019?
By Dennis Kaiser The search for yield in a late-cycle environment is drawing more commercial real estate investors into secondary… Read more
Lincoln Tops Out Tempe Office Development
Lincoln Property Company (LPC) poured the top floor of The Grand at Papago Park Center 2, bringing the Tempe, AZ-building… Read more
RHP Properties Adds Five-State Manufactured Housing Portfolio
RHP Properties acquired 17 manufactured home communities in five states containing 3,177 sites, including its first communities in Wisconsin. The… Read more
Bascom Affiliate Bags Tempe MF for $89M
Bascom Arizona Ventures, LLC acquired the Tempo at McClintock Station Apartments, a mid-rise multifamily property consisting of 423 residential units… Read more
Seattle Investor Snags Five-Property Western MF Portfolio for $100M
Berkadia originated a $97.85 million Fannie Mae Credit Facility, which provided permanent fixed-rate financing for the acquisition of five multifamily… Read more
Redevelopment Plans Unveiled for Uptown Phoenix Office
Phoenix-based George Oliver unveiled plans for its CASA redevelopment, a 181,188-square-foot, Class A office building in Phoenix’s booming Uptown neighborhood… Read more
MedCore, SunTrust, Trinity Snag Four-Asset Assisted Living, Memory Care Portfolio
Dallas-based MedCore Partners, together with SunTrust Bank and Trinity Private Equity Group, closed on a 409-unit assisted living and memory… Read more
Safeway Opens More In-Store AI-Powered Medical Clinics
Safeway shoppers in the Phoenix area can now pick up a gallon of milk and take care of any pesky… Read more
Opus Teams with Principal Real Estate on Peoria, AZ Apartments
In another project outside its Midwest base, the Opus Group plans to construct a new 352-unit, 10-building multifamily development in… Read more
2018 Single-Family Rent Growth Tops Prior Year
Single-family rent growth at the end of 2018 was 3.1% nationally, topping the 2.9% reported in December 2017. CoreLogic’s Single-Family… Read more
Apartment Sales Volume Scales New Annual Peak
Industrial may be the belle of the investment ball, but multifamily hit a new peak in 2018, according to NKF.… Read more
Newly-Built Tucson Marriott Lands $40M Cash-Out Financing
Walker & Dunlop recently structured $40 million in financing for the newly-built AC Marriott in Tucson, AZ. The transaction was a collaboration… Read more
Westmount Realty Snags 200-Unit Place at Houston Street
Westmount Realty Capital expanded its San Antonio footprint by acquiring the 200-unit Place at Houston Street. The Class B apartment… Read more
Investcorp Acquires Eight U.S. MF Assets for $330M
Bahrain-based alternative investment manager Investcorp’s U.S.-based real estate investment team acquired eight new multifamily properties. The 2,510-unit portfolio was purchased… Read more
Ventas’ University-Based R&I Development Pipeline Exceeds $1.5B
Chicago-based Ventas, Inc. reported its development pipeline in the university-based Research & Innovation (R&I) sector now exceeds $1.5 billion in… Read more